Feb 7 2013, 12:51pm CST | by Luigi Lugmayr
Moscow, Feb 7 (IANS/RIA Novosti) Russia's budget watchdog has found nearly $4 billion was lost in financial violations in the country's defence spending for 2012. The Russian Audit Chamber identified...
Filed under: news
21 minutes ago
Source:
Los Angeles Times |
May 23 2013, 6:14am CDT
At once aloof and ubiquitous, Putin has turned an inscrutable face to fellow Russians and to the outside world. He appears cold and calculating, indifferent to contrary opinions of political opponents at ho ...
26 minutes ago
Source:
Reuters Mobile |
May 23 2013, 6:09am CDT
* Energy revenues raided to cap deficit * Russia to miss goal of balancing budget by 2015 * Government likely to raise spending as economy slows MOSCOW, May 23 (Reuters) - Just last year Russia's government reimposed a r ...
1 hour ago
Source:
RIA Novosti |
May 23 2013, 4:59am CDT
MOSCOW, May 23 (RIA Novosti) – Police carried out searches on Thursday at the homes of two members of Russia’s Left Front movement, which played a key role in last year’s mass protests against the rule of President Vladimir Putin. Police detained ...
2 hours ago
Source: SINA English | May 23 2013, 4:27am CDT
MOSCOW, May 23 (Xinhua) -- A Western approach on security issues undermines mutual trust, a high-ranking Russian official said Thursday. "The logic of unilateral steps still prevails, without taking into a ...
2 hours ago
Source:
B92 |
May 23 2013, 3:54am CDT
MOSCOW -- Serbia’s First Deputy PM and Defense Minister Aleksandar Vučić met with Russian Defense Minister Segey Shoygu in Moscow on Thursday morning. The main topic of the meeting will be preparation of the agre ...
2 hours ago
Source:
Reuters |
May 23 2013, 3:43am CDT
MOSCOW May 23 (Reuters) - Vozrozhdenie, a mid-sized listed Russian bank, posted on Thursday a 36.7-percent decline in net profit for the first quarter of the year due to a rise in provisioning on bad loans. Voz ...
3 hours ago
Source:
RIA Novosti |
May 23 2013, 3:16am CDT
MOSCOW, May 23 (RIA Novosti) – The Russian authorities clamped down in 2012 on peaceful protests and freedom of expression, while using state media to smear its political opponents, Amnesty International said on Thursday in its annual human rights re ...
3 hours ago
Source: Kurzweilai | May 23 2013, 3:02am CDT
Robots at the Robofest-2013 youth festival in Moscow (credit: RIA Novosti, Artem Zhitenev) Russian experts are developing robots designed to minimize casualties in terrorist attacks and neutralize terrori ...
4 hours ago
Source: The Fort Wayne Journal Gazette | May 23 2013, 2:08am CDT
In the days of the Soviet Union, street maps of Moscow did not exist for most citizens, or they were deliberately misleading. In fact, the very best Moscow map was created by the CIA, and it was treasured by diplomats, journalists and spies. It was a sp ...
Continue reading on: The Fort Wayne Journal Gazette More like this
4 hours ago
Source:
RIA Novosti |
May 23 2013, 1:36am CDT
WASHINGTON, May 23 (RIA Novosti) – The United States’ Drug Enforcement Administration (DEA) has offered Russia’s Interior Ministry closer cooperation abroad, its head said during a meeting with Russia’s interior minister on Wednesday. ...
7 hours ago
Source: SINA English | May 22 2013, 11:26pm CDT
WASHINGTON, May 22 (Xinhua) -- U.S. President Barack Obama on Wednesday discussed with visiting Russian Security Council Secretary Nikolay Patrushev the need for a negotiated settlement of the protracted conflic ...
7 hours ago
Source:
1389 Blog |
May 22 2013, 11:01pm CDT
Let’s hope that “cooperation in all areas” means exactly that. Says one of our correspondents: Assuming there might well be a ‘new age of cooperation ahead’ between Serbia and Russia, why not install a huge Russian military base within Serbia, adjacen ...
14 weeks ago
Feb 7 2013, 12:51pm CST | by Luigi Lugmayr
Moscow, Feb 7 (IANS/RIA Novosti) Russia's budget watchdog has found nearly $4 billion was lost in financial violations in the country's defence spending for 2012.
The Russian Audit Chamber identified waste and misappropriation totalling almost 117.5 billion rubles -- just over $3.9 billion -- in the area of national defence, said Viktor Zavarzin, first deputy head of the State Duma's Defense Committee.
This was disclosed after a meeting attended by officials from the defence and finance ministries, the Prosecutor General's Office and other agencies.
The defence ministry has been plagued by corruption scandals over the past year.
Former minister Anatoly Serdyukov was sacked in November 2012 amid a $130 million fraud investigation into the sale of ministry property.
And last month, Russian police said they had uncovered the embezzlement of some $17 million by the country's Strategic Missile Forces dating back to 2008.
A significant portion of the 2012 violations, estimated at nearly 70.4 billion rubles (about $2.3 billion), had to do with over-spending on state contracts despite established thresholds, Zavarzin said.
He added that "unauthorised and ineffective expenditure of budget funds equalled, respectively, 10.6 million rubles and 23,173,000 rubles", and that 114 million rubles had been reimbursed to the government.
Defense Committee member Alexander Tarnayev blamed part of this misspending on outsourcing for services like food and laundry.
He suggested that one way to save money "when forming the federal budget for 2013 and the 2014-2015 planning period" would be to monitor state contracts more closely to ensure contractors and sub-contractors are not over-charging.
Tarnayev cited 2012 spending on food for servicemen as an example.
He said the difference between the total contracts signed by the defence ministry with the Voyentorg company, meant to provide this service, and the contracts signed by Voyentorg with its relevant sub-contractors may be as high as 672.7 million rubles, or over $22 million, based on the Audit Chamber's findings.
--IANS/RIA Novosti
pm/vd
IANS
Source: IANS
Luigi Lugmayr
Luigi is the founding Chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
blog comments powered by Disqus